394

Ch. 31. No. 1.] Compantes.

 

Register o
members,

Index of
members of
company

Provisions
as to entries
in register
in relation
to share
warrants.

 

Register of members.

95. (1) Every company shall keep in one or more books
a register of its members, and enter therein the following
particulars

(a) the names and addresses, and the occupations, if
any, of the members, and in the case of a company
having a share capital a statement of the shares held
by each member, distinguishing each share by its
number, and of the amount paid or agreed to be
considered as paid on the shares of each member;

(>) the date at which each person was entered in the
register as a member;

(c) the date at which any person ceased to be a
member:

Provided that, where the company has converted any of
its shares into stock and given notice of the conversion to
the Registrar, the register shall show the amount of stock
held by each member instead of the amount of shares and
the particulars relating to shares specified in paragraph (a)
of this subsection.

(2) If default is made in complying with this section,
the company and every officer of the company who is in
default shall be liable to a default fine.

96. (1) Every company having more than fifty members
shall, unless the register of members is in such a form as to
constitute in itself an index, keep an index of the names of
the members of the company and shall, within fourteen days
after the date on which any alteration is made in the register
of members make any necessary alteration in the index.

(2) The index, which may be in the form of a card
index, shall in respect of each member contain a sufficient
indication to enable the account of that member in the
register to be readily found.

(3) If default is made in complying with this section,
the company and every officer of the company who is in
default shall be lable to a default fine.

97. (1) On the issue of a share warrant the company shall
strike out of its register of members the name of the member
then entered therein as holding the shares specified in the